Winklevoss trust will test Bitcoin security concerns - CBS News

Will an investment trust push Bitcoin into the mainstream? Or will security fears leave growth of the "cryptocurrency" stagnant? Bitcoin is a currency that exists in a digital form and is bought and sold using software operating over peer-to-peer networks. But it's also a technology platform that is built with an open-source code that has essentially de-centralized transactions. Cameron and Tyler Winklevoss on Monday filed a proposal with the U.S. Securities and Exchange Commission to create a Bitcoin trust that will allow investors to purchase shares on a secondary exchange that is a variation on an exchange-traded fund (ETF), Bloomberg reports . According to the New York Times , the Winklevoss brothers claim to own $11 million worth of Bitcoin as of April 11 -- making them the largest-known single shareholders of the currency. The Winklevoss Bitcoin Trust will be managed...